Ceteris paribus, Real GDP and the unemployment rate are
A) directly related.
B) inversely related.
C) unrelated.
D) directly related when GDP is below its natural level and inversely related when GDP is above its natural level.
B
You might also like to view...
The narrowest definition of money:
A. is referred to as hard money. B. includes the things that can be used in transactions immediately. C. contains only cash and bank reserves held at the Fed. D. All of these are true.
Continuing with the same family from the preceding question, suppose a risk neutral insurance company exists to provide vacation insurance. Suppose further that each vacation day requires a constant expenditure, and this expenditure is standard across everybody. This allows us to simplify the problem by considering all payments to be in terms of vacation days. What is the least the insurance
company would charge (in terms of vacation days)? a. 3 b. 4 c. 5 d. 6
Which of the following is a listing of the types or categories of resources?
a. land, labor, and capital b. land, labor, and education c. land, labor, and efficiency d. land, labor, and markets e. land, labor, and inputs
What is the social cost of a monopoly? Explain.
What will be an ideal response?